Commercial property to let in Stodman Street, Newark NG24
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Property features
- Going Concern Business
- Well-Being, Yoga and Meditation
- Cafe and Juice Bar
- Meeting Rooms
- Infrared Sauna Unit Providing Additional Wellbeing Benefits
- Packaged Relaxation Visits
- Prime Retail Location
- 75 Minutes from London
- Fixtures and Fittings £50,000 + VAT
- 2475 sq.ft on Three Floors
Property description
* Going Concern Business * Well-being, Yoga & Meditation * Café and Juice Bar * Meeting Rooms * Packaged Relaxation Visits * Prime Retail Location * 75 Minutes from London * Fixtures & Fittings £40,000 Plus VAT * 2,475 sq. Ft on three floors * EPC Exempt
Offered as a going concern and lease assignment, the business known as 'Tree' is an interesting concept based on well-being, yoga, meditation, packaged relaxation visits, meeting rooms, cafe and juice bar.
The property occupies a prime retail location within the Georgian Market Square of Newark town centre. There is substantial catchment (113,000) from the Newark area. Nottingham 20 miles, Lincoln 14 miles. Main East Coast railway trains from Newark Northgate and capable of journey times to London King's Cross in just over 75 minutes.
The going concern business is offered for sale to include high quality kitchen equipment, sauna, fixtures and fittings at a price of £40,000 plus VAT.
An exciting proposition for an enterprising business development and modern concept based on corporate meetings and wellbeing days, together with important passing trade from the cafe business.
The building, on three floors, provides 2475 sq.ft approximately. The current rent passing is £25,000 plus VAT per annum. The landlord will consider an Assignment of the lease or subject to negotiated terms may grant a new lease.
Ground Floor
Cafe
15'3" (frontage) x 35'5" depth (4.67m x 10.82m)
Front display windows, suspended ceiling, hatch to cellar accommodation, small store room off. The kitchen area is fitted with stainless steel equipment including refrigerator, freezer drawers, stainless steel sink wash basin, stainless steel double sink unit, Professional dishwasher, stainless steel table, coffee machine, Polar table top refrigerator. Sandremo coffee machine, commercial ice machine and fridge. Servery with cupboards and drawers.
Inner Hall
With radiator, staircase, winter security freezer.
Under Stairs Utility
With plumbing for a washing machine.
Corridor
With radiator and fire exit.
Separate Wc
With low suite WC, basin, baby change facility and skylight.
Kitchen (3.43m x 3.20m (11'3 x 10'6))
Stainless steel double drainer sink units, hand wash basin, freezer and Foster commercial fridge unit. Hobart oven and stainless steel extractor. Juice maker. Cobra fly unit. External door to enclosed rear yard.
First Floor
Fine Georgian staircase leads to the first floor lobby.
Separate Wc
With basin.
Meditation Room (5.49m x 4.39m (18' x 14'5))
Radiator, gas fired central heating boiler providing central heating for the entire building. Fire door.
Office (3.96m x 3.71m (13' x 12'2))
With radiator and Sash window.
Inner Landing
Stairs to first floor
Store Room (4.80m x 1.98m (15'9 x 6'6))
With fluorescent light.
Meeting Room (5.97m x 4.32m (19'7 x 14'2))
With two fine Box Sash windows in the front elevation, pine boarded floor, radiator.
Second Floor
Georgian staircase continues to the second floor.
Sauna Room (3.78m x 3.05m (12'5 x 10'))
With Infrared sauna unit providing additional wellbeing benefits. Shower room off with basin, shower unit and wood floor.
Consultation Room (3.15m x 2.13m (10'4 x 7'))
Box Sash window, radiator, wood floor and connecting door to the treatment room.
Treatment Room
With dual aspect, built in cupboard, basin and radiator.
Inner Landing
With stairs to the third floor.
Lobby
With two separate WC closets off, each with low suite WC and basin. Radiator.
Workshop Room Two (6.05m x 4.55m (19'10 x 14'11))
Three Box Sash windows in the front elevation, wood boarded floor, radiator.
Third Floor
Landing
With built in cupboard.
Sitting Room (3.48m x 2.44m (11'5 x 8'))
Gable window and radiator.
Store Room (4.45m x 3.48m (14'7 x 11'5))
With two Box Sash windows, radiator.
Store Room (3.33m x 1.88m (10'11 x 6'2))
Radiator and Box Sash window.
Cellar/Basement
There is an large cellar which can be used for storage.
Existing Lease
The property is let to Tree of Wellbeing Ltd trading as Tree. The existing lease is dated August 2021.
Term
10 years.
Rent Review And Break Clause
On the 5th anniversary of the lease.
Tenant responsible for insurance rent (approximately £1600 in the current year). The tenants are responsible for repairs. Effectively a full repairing and insuring lease.
Subject to status and negotiation the landlords have indicated a willingness to enter into a new lease with the business purchasers.
Services
Mains water, electricity, gas and drainage are all connected to the property.
Rateable Value
The Rateable Value effective from April 2023 is £23,500.
Viewing
Strictly by appointment with the selling agents.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Richard Watkinson & Partners, NG24 on +44 1636 358577 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Richard Watkinson & Partners, and do not constitute property particulars. Please contact Richard Watkinson & Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.